At the capital on July 3, 2024, during the third iteration of the ongoing Al Multaqa meetings, the Abu Dhabi Investment Office (ADIO) revealed a number of significant agreements under its Musataha programme. Launched in 2023, the meetings aim to collaborate with family offices to expedite and participate in Abu Dhabi’s economic expansion.
At Madinat Al Riyadh, Ghiyathi, and Al Shawamekh, important community centres will also be built. The shopping centres will serve the emirate’s sustainable growth objectives by providing retail and food and beverage options to communities in and around these major residential areas.
Regarding the agreements, ADIO’s Head of Musataha, Mansoor Al Bastaki, stated, “We are delighted to be working closely with Abu Dhabi’s family offices to develop community projects that address the need for establishing key development initiatives across different areas of the emirate.” We remain committed to using public-private partnerships to improve the quality of life and well-being of Abu Dhabi’s citizens and residents, as evidenced by the planned commercial centres and private school.
The emirate of Abu Dhabi’s economic goals is still largely driven by family offices. The Abu Dhabi Department of Economic Development (ADDED) recently partnered with the United Arab Emirates University (UAEU) to launch the Abu Dhabi Family Business Index, which aims to rank various metrics related to family-owned or family-controlled businesses in Abu Dhabi and measure their impact.
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